Online export obligation system to cut processing time
Updated: Mar 15, 2014 03:09:45pm
New Delhi, Mar 15 (KNN) Online system for Export Obligation Discharge Certificate (EODC) / Redemption for Advance Authorisation / Duty Free Import Authorisation (DFIA) is being introduced with effect from April 2014 - a move which will reduce processing time and transaction cost.
Export obligation means obligation to export product or products covered by authorization or permission in terms of quantity, value of both, as may be prescribed or specified by Regional or competent authority.
“Online system for EODC / Redemption for AA / DFIA is being introduced with effect from 1.6.2014. This will reduce processing time and transaction cost,” DGFT said in a public notice.
According to the guidelines for exporters / RAs, in case of Physical Exports [EDI Shipping Bills only]- Online application/filing for EODC is mandatory for all Shipping Bills on or after 01.04.2009; and Online application/filing for EODC is not mandatory (because the shipping bills may not have been transmitted to DGFT electronically) for Shipping Bills prior to 01.04.2009.
In case of Physical Exports [Non-EDI Shipping Bills] for all Non-EDI Shipping Bills manual filing will continue as these Shipping Bills have not been transmitted electronically to DGFT.
Whereas in case of Deemed Exports, details of Deemed Export Supplies to be fed in EODC System on-line on DGFT website.
Applications for EODC for cases at Physical Exports [Non-EDI Shipping Bills] and Deemed Exports cannot be made online as shipping bills are manual and records evidencing deemed exports supplies are not transmitted online to DGFT.
“In respect of these cases applications will continue to be in manual mode. Only after electronic transmission of these supporting documents to DGFT is made possible, they will be brought within the ambit of on line EODC,” the notification said.
EODC / Redemption letter containing details of EDI / Non-EDI Shipping Bills will be transmitted electronically to Customs / Authorization holder, DGFT added. (KNN/SD)
Export obligation means obligation to export product or products covered by authorization or permission in terms of quantity, value of both, as may be prescribed or specified by Regional or competent authority.
“Online system for EODC / Redemption for AA / DFIA is being introduced with effect from 1.6.2014. This will reduce processing time and transaction cost,” DGFT said in a public notice.
According to the guidelines for exporters / RAs, in case of Physical Exports [EDI Shipping Bills only]- Online application/filing for EODC is mandatory for all Shipping Bills on or after 01.04.2009; and Online application/filing for EODC is not mandatory (because the shipping bills may not have been transmitted to DGFT electronically) for Shipping Bills prior to 01.04.2009.
In case of Physical Exports [Non-EDI Shipping Bills] for all Non-EDI Shipping Bills manual filing will continue as these Shipping Bills have not been transmitted electronically to DGFT.
Whereas in case of Deemed Exports, details of Deemed Export Supplies to be fed in EODC System on-line on DGFT website.
Applications for EODC for cases at Physical Exports [Non-EDI Shipping Bills] and Deemed Exports cannot be made online as shipping bills are manual and records evidencing deemed exports supplies are not transmitted online to DGFT.
“In respect of these cases applications will continue to be in manual mode. Only after electronic transmission of these supporting documents to DGFT is made possible, they will be brought within the ambit of on line EODC,” the notification said.
EODC / Redemption letter containing details of EDI / Non-EDI Shipping Bills will be transmitted electronically to Customs / Authorization holder, DGFT added. (KNN/SD)
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